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Hi there,
I am a gambling afficionado and have won (and lost) significant amounts of money through my hobby. I've begun to game at Swiss casinos and have begun to have some luck. My question now is if and how the money I win will be taxed in Switzerland. Do you have any information on this topic?
Thanks.
Hi there,
Money which you win at Swiss casinos is tax-free and does not count towards your taxable income. However, it is a good idea to provide the tax office with proof of your winnings (copies of receipts, for example), or at least a basic written declaration of your casino winnings. Doing this can prevent misunderstandings about the source of the additional income.
Winnings from casinos outside of Switzerland must be taxed in the same way as lottery winnings (refer to the forum thread "taxes on lottery winnings").
Best regards from Moneyguru
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